Category: News

$10,000 Deductible Interest on U.S.-Assembled Car Loans Until 2028 – See Eligibility Have you ever wondered how to ease the financial burden of purchasing a car, especially with rising interest rates? If you’re like many Americans, the question of affording a new vehicle or buying a U.S.-assembled car is something you think about often. Well,…

$12,500 Overtime Tax Break Now Available – Are You Eligible? Are you aware of the new $12,500 overtime tax break that’s hitting the scene in 2025? If you’re feeling stressed about your tax situation, you’re not alone. Many employees are navigating complex tax codes and trying to figure out what they qualify for. Thankfully, there…

$200 Child Credit Bonus Every Year – Yes, It’s Real Are you struggling to make ends meet with your family budget? With rising costs and financial stress, many parents are looking for additional support. The good news is that starting in 2025, the IRS is rolling out a new recurring family tax benefit USA that…

$2,200 Child Tax Credit – A $133/Month Relief for Families Understanding the $2,200 Child Tax Credit How can families navigate the complexities of the IRS child benefit program in the USA? If you’re like many parents, the question often looms large. The $2,200 child tax credit, split into monthly payments of $133, looks to provide…

Could Illinois’ Pension Reform Really Cost Taxpayers $5 Billion by 2045? As taxpayers, many residents of Illinois might be asking themselves, “How is this pension reform going to impact my wallet?” It’s a valid concern, especially with the $5 billion pension liability in Illinois looming over the next two decades. With 2025 around the corner,…

$184,500 Maximum Earnings Subject to Social Security Tax: Know the Change Are you feeling overwhelmed with the ongoing changes to Social Security? The new $184,500 cap on taxable income could significantly impact your paycheck and future benefits. Understanding what this updated max taxable earnings USA 2026 means may just be the key to better financial…

$1,000 Child Savings Account Credit Introduced: Get Your $X Before Dec 31, 2025 Are you worried about how to save for your kids’ future? You’re not alone. The pressure on families to secure a financial cushion for their children can be overwhelming. But now, there’s some hopeful news—starting this year, a new program offers a…

$1,000 Trump Account for Your Child? How the Latest Tax Law Works Are you scratching your head wondering, “How can I afford to save for my child’s future, especially with rising costs?” It’s a concern shared by many parents today. Recently, a new proposal associated with Trump’s tax policy offers a peculiar solution—a $1,000 child…

$75 Million Set Aside by Illinois to Cover Pension Safe-Harbor Risk Are you worried about the security of your retirement as a public employee in Illinois? You’re not alone. With pension liabilities that have risen consistently over the years, many are questioning how much safety there actually is for future retirements. Recently, a notable measure…

Thinking About That Overtime Deduction? Here’s How You Might Save Thousands Are you confused about how to navigate the IRS rules when it comes to overtime pay? You’re not alone. Many workers grapple with understanding their entitlements, especially when it comes to deductions. The newly proposed $12,500 deduction under the federal overtime rebate plan could…